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Within the next 5 years, a woman entrepreneur will create a technology legend that yields a $50 billion exit. Banks and health insurance providers will cease to exist as we know them. And Austin, Texas will replace Silicon Valley as the world’s startup headquarters!

At the event, a panel of VCs shared 2014 trends that are not obvious and will be big disrupters for the next five years. The panel included Ping Li from Accel Partners; Rebecca Lynn from Canvas; Mike Maples from Floodgate; Bryan Roberts from Venrock and James Slavet from Greylock.

While some past predictions have proven true, others have not. The one that stunned me was that Software-as-a-Service was first predicted to replace licensed on premise apps in1999. And look where we are today with the cloud!

See which trends you agree with – or not. Many of us in the audience agreed with most – but a few predictions were ‘out there!’

2014 Top Ten Tech Trends From Silicon Valley

Trend #1: Today’s Enterprise business applications will be completely reinvented. The opportunity is huge because no ERP apps were originally designed to run on mobile devices. And most of today’s cloud apps are built on stacks that are 15 years old. But consumer apps like Twitter and Facebook are intuitively easy to use and provide real-time feedback when data is entered. These parameters have become the ‘new norm’ for all software and users will expect the same consumer experience with their business apps as well.

Trend #2: ‘Digital disintermediation’ will eliminate banks as we know them. Startups are invading every sector of financial services, from banking and lending to wealth management. Peer-to-peer lending models allow for direct connections between borrower and lender in startups like LendingClub. Startups are also developing algorithms to manage $13 trillion in mutual funds better than people can.

However, since financial services are complex, regulated and have long established relationships between providers, regulators and politicians, most of the VC panel and audience believe that banks will at least diminish in importance in the next 5 years.

Trend #3: Smart home networks will explode. It's the end of dumb routers and extenders and the era of intelligent, software-powered networks that interact with devices and products in the home. Most panelists and the audience agreed on this trend, but the question was raised – would you want everything in your home wired?

What about cybersecurity? Our homes, cars, everything will be vulnerable to hackers, as we read almost daily in the news. The obstacle will be - do we really want that?

Trend #4: Health insurance industry mirrors Kodak and goes ‘poof!’ While many of us would love to see this, many were skeptical of the viability of this prediction. Most employers with over 500 employees self-insure and have information systems that can eliminate physician networks, adjudication and coding processes. Today, Stanford Medical Center contracts directly with many companies in the San Francisco Bay area. Insurance companies add little value anymore in our connected world. But healthcare is so inefficient overall that no one believed that health insurance providers would disappear anytime soon.

Trend #5: The Last Second Economy. This prediction was most embraced by all. The ‘last second model’ for on demand taxis and food delivery will explode across all sorts of services that redefine how we live and work. Addictively easy, real-time access to quality services will be the ‘new norm’ at the intersection of technology, business and culture.

People check their mobile phones an average of 150 times per day. The next step will be instant access to professional knowledge through our devices on the Internet. Accessing physicians, tutors and other professionals anytime online will replace the need to wait or leave one’s environment. Services will be brought to us. And innovation is already flourishing around participatory applications.

Trend #6: Future cyber-attacks will target the home. It was hard to argue with this prediction, based on the daily news of yet another data breach. And Target’s data breach was caused by hacking into an HVAC system! So our homes, with less sophisticated security than at work, will become vulnerable. This will be another ‘new norm.’

Trend #7: Data-driven healthcare (from your gut). The combination of personal health and fitness data, genomics, and even microbiomics will drive healthcare choices from real outcomes and individual probabilities. And since the bacteria in our digestive tracks has greater influence on our health than previously known, we really are what we eat! Data analytics is so pervasive in medicine now that the Mayo Clinic will include IBM’s Watson in physician roundtables about patient care. But panelists disagreed over the lack of scientific understanding of the biological basis of disease, which some think is more critical and will be the real area of breakthrough.

Trend #8: A woman CEO/Founder will invent a legendary technology platform, akin to Google or Facebook, with a $50B exit. The expectation that any startup would create a $50B exit in the next 5 years was why panelists were skeptical about this prediction. That’s a huge valuation rarely achieved by any startup. And with only 3% of startup CEOs and VCs being women, the prospects seem unlikely. But with barriers to innovation collapsing because of the cloud and other technologies, a ‘dark horse' could emerge from anywhere in the world.

Trend #9: Spot pricing for healthcare procedures. Given the high fixed costs and under-utilization of medical equipment like X-ray or MRI machines, dynamic, on demand pricing with providers will evolve as in other industries. This prediction was not at all agreed to by the panel. But it stands to reason with today’s cost and complexity of healthcare that personalized pricing between patient and care provider might be worth a look.

Trend #10: Credit cards are the new app platform. Because they are ubiquitous (500 million in use) and have processing infrastructure in place, credit cards will download and store new apps and data related to payment, from a central platform. For example, new product purchases could include download of product warranty information and manuals. Marketing campaigns could combine preferences on Facebook with specialty discounts automatically applied at the point-of-sale.

While ideas for such apps abound, panelists were skeptical about hidden obstacles that prevented adoption of such ‘smart cards' years ago. Nonetheless, startups are innovating around the payment layer with web/mobile access, so changes will occur in this space regardless.

How did you weigh in on Silicon Valley’s 2014Top Ten Tech Trends?

And if you are wondering about who might replace Silicon Valley as the beacon for entrepreneurship? Other contenders were New York, Los Angeles, London, Berlin and Tel Aviv. But they're a real longshot!

Follow @JacquelnVanacek for how cloud, mobile, social media and big data are reinventing our world.